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Method and system for forecasting reliability of assets

  • US 7,509,235 B2
  • Filed: 08/31/2005
  • Issued: 03/24/2009
  • Est. Priority Date: 08/31/2005
  • Status: Active Grant
First Claim
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1. A method of forecasting remaining useful life of an asset, comprising:

  • identifying peer units of the asset from a set of potential peer units by using selected criteria and performing a search for the peer units based upon the selected criteria;

    using a first evolutionary algorithm for processing a defined degree of closeness between said peer units and said asset;

    constructing local predictive models using the peer units;

    estimating the remaining useful life of the asset based upon the local predictive models; and

    updating the local predictive models to reflect at least one change in the criteria using a second evolutionary algorithm.

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